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HONG KONG, June 21, 2022 /PRNewswire/ Quantum Solutions (Quantum), an electric vehicle (EV) developer listed on the Tokyo Stock Exchange, announced that it has signed a letter of intent with China's Singulato Motors (Shanghai) Ltd. to collaborate on the development and production of electric vehicles as Quantum shifts its focus to providing affordable mobility solutions necessary for the global transition to a net carbon-zero society. The collaboration, which is subject to approval by Quantum's board of directors after a period of due diligence, will give Quantum access to Singulato's SUV and small car EV platform technology, which includes a market-leading smart car networking system. In addition, Quantum will expand its access to China, the world's largest EV market. Simon Zhang, Quantum's chief executive who manages the company's overseas platform, said, "This is an important collaboration because this will strengthen our research and development (R&am